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February 4, 2023

Companies again given VAT deduction opportunity on vehicle purchases

Companies will be able, as of next year to deduct 50  pc of the amounts spent on fuel fills for auto vehicles with a seating capacity of up to nine seats, as well as 50 pc the Value Added Tax (VAT) on car purchases, after a two-year <2009-2011> ban, according to romaniainternational.com. The stipulation remains in place for those vehicles not used for interventions, repairs, guarding and protection courier services, staff transport to and from event venues, sales agencies, taxi services and driving schools.

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